My husband is looking for a short term loan

jonesMUFCforever

grandma22 wrote: »

Maybe I am totally missing something here,that there is some code I dont know.
Nothing fishy at all and I am outraged that you sould even make such remarks,a very welcoming place.
For your information the pension can go into any account we select,that as already been checked,he also works for one of the UKs largest employers who have no issue with it either,and havent for the past 5 years.

You are so wrong. It does not matter what the pension provider says but a bank has the right to refuse a payment that is not intended to that person.
Why are you so against him having an account in his own name?
What hold do you have over him - please tell us more! LOL:D

opinions4u

There are a few potential issues here.

1) I'd be surprised if he can get a loan in his own name. His failure to operate a bank account effectively guarantees this.

2) By paying an income in to somebody else's account, that income immediately belongs to somebody else. He has no rights to recover that cash.

3) The people paying the income to that account don't give a toss. As long as they have an authority along with a sort code and account number they don't have to care.

4) If he operates the account in any way (e.g. you've disclosed the PIN and he uses the ATM) this breaches the terms and conditions of the account. A bank can choose to close the account if the see this happening as it poses a clear risk to them. If there is fraud on the account the bank will be likely to think that it's your own fault for disclosing the PIN to a third party/

5) If the account holder is incapacitated in any way then his income will not be legally accessible without a Court of Protection order.

This situation is asking for significant difficulties at some stage in the future. It needs changing.

I hope it's not considered rude to point that out.

creditcardhelp11

Nothing fishy with having his wages into your account, people do that all the time. Many husbands have no control over the money, they just earn it lol :-) Go to your bank and enquire about opening a joint account just so he has a card etc.... then ask about an overdraft. They may even be able to offer a short term loan. However, if you have missed mortgage payments your credit record (both of you if joint mortgage) will be shattered and either of you are unlikely to get credit. I am afriad your only chance may be pay day loans but they are shocking but can be up to £2000. Hope things work out better.

creditcardhelp11

opinions4u wrote: »

There are a few potential issues here.

1) I'd be surprised if he can get a loan in his own name. His failure to operate a bank account effectively guarantees this.

2) By paying an income in to somebody else's account, that income immediately belongs to somebody else. He has no rights to recover that cash.

3) The people paying the income to that account don't give a toss. As long as they have an authority along with a sort code and account number they don't have to care.

4) If he operates the account in any way (e.g. you've disclosed the PIN and he uses the ATM) this breaches the terms and conditions of the account. A bank can choose to close the account if the see this happening as it poses a clear risk to them. If there is fraud on the account the bank will be likely to think that it's your own fault for disclosing the PIN to a third party/

5) If the account holder is incapacitated in any way then his income will not be legally accessible without a Court of Protection order.

This situation is asking for significant difficulties at some stage in the future. It needs changing.

I hope it's not considered rude to point that out.

5. If they already have LPAs then this is not true.

opinions4u

creditcardhelp11 wrote: »

5. If they already have LPAs then this is not true.

While you are correct, I bet you a tenner that they don't have them in place.

99% of people don't.

grandma22

jonesMUFCforever wrote: »

You are so wrong. It does not matter what the pension provider says but a bank has the right to refuse a payment that is not intended to that person.
Why are you so against him having an account in his own name?
What hold do you have over him - please tell us more! LOL:D

My bank ave never refused so far,and if they do he would have to open one.
He hates banks and the way they operate,very simple.

grandma22

opinions4u wrote: »

There are a few potential issues here.

1) I'd be surprised if he can get a loan in his own name. His failure to operate a bank account effectively guarantees this.

2) By paying an income in to somebody else's account, that income immediately belongs to somebody else. He has no rights to recover that cash.

3) The people paying the income to that account don't give a toss. As long as they have an authority along with a sort code and account number they don't have to care.

4) If he operates the account in any way (e.g. you've disclosed the PIN and he uses the ATM) this breaches the terms and conditions of the account. A bank can choose to close the account if the see this happening as it poses a clear risk to them. If there is fraud on the account the bank will be likely to think that it's your own fault for disclosing the PIN to a third party/

5) If the account holder is incapacitated in any way then his income will not be legally accessible without a Court of Protection order.

This situation is asking for significant difficulties at some stage in the future. It needs changing.

I hope it's not considered rude to point that out.

Not rude at all thank you.
He doesnt use the cards etc at all,he pays with cash.

grandma22

creditcardhelp11 wrote: »

Nothing fishy with having his wages into your account, people do that all the time. Many husbands have no control over the money, they just earn it lol :-) Go to your bank and enquire about opening a joint account just so he has a card etc.... then ask about an overdraft. They may even be able to offer a short term loan. However, if you have missed mortgage payments your credit record (both of you if joint mortgage) will be shattered and either of you are unlikely to get credit. I am afriad your only chance may be pay day loans but they are shocking but can be up to £2000. Hope things work out better.

Thank you for the comments,I was starting to feel like a criminal but not knowing why!
I think adding him to my account is a good idea,will do that tomorrow.
Sadly the bad credit was mine inherited from my ex-husband.
Thanks again x

Queen_of_the_Hive

another suggestion that no one has said so far. Could he speak to his employers and see if they could loan / advance him on his wages. Might be a lot better than going through these awful payday loan companies.

grandma22

clarissa62 wrote: »

another suggestion that no one has said so far. Could he speak to his employers and see if they could loan / advance him on his wages. Might be a lot better than going through these awful payday loan companies.

Thanks,we will do that tomorrow but we are on a tight time frame now,fingers crossed x